On June 21, 2024, H.G. Infra Engineering Limited incorporated two subsidiary companies: H.G. Rajlani Solar Project Private Limited and H.G. Barni Solar Project Private Limited. The acquisition of H.G. Rajlani Solar Project Private Limited and H.G. Barni Solar Project Private Limited by H.G. Infra Engineering Limited may constitute related party transactions since these companies are …
GE Power India Limited (GEPIL) announced a significant new order securing a Letter of Intent from NTPC GE Power Services Pvt. Limited (NGSL) for the renovation and modernisation of steam turbines at Wanakbori Thermal Power Station (TPS) Units 1 & 2. This project focuses on enhancing the performance and longevity of the existing LMZ steam …
Hindustan Zinc Limited (HZL) informed in a stock exchange filing that it has entered into a Memorandum of Understanding (MoU) with AEsir Technologies, Inc., a US-based company specialising in advanced zinc battery technologies. According to the MoU, Hindustan Zinc will be the primary supplier of zinc, a critical raw material for AEsir Technologies’ next-generation batteries. …
On June 21, 2024, Tata Consultancy Services Limited informed in a stock exchange filing that it had expanded its strategic partnership with Xerox through a landmark, end-to-end transformation program. This initiative aims to accelerate Xerox’s evolution into a simplified, services-led, software-enabled organisation. Under the agreement, TCS will consolidate Xerox’s technology services to enhance business outcomes, …
Jio Financial Services & HBL Power Systems are identified as upside potential stocks based on technical analysis. Both stocks have displayed promising structures and technical setups, including price volume contraction, and the potential to bounce back and breakout. Currently trading at Rs 361.45 and Rs 513.25 respectively, their price aligns with positive signals from technical …
On June 21, 2024, Tata Power Company Limited (TPCL) informed in a stock exchange filing that CARE Ratings Limited has upgraded the company’s Long-Term rating on the bank and debt facilities from ‘CARE AA/Positive’ to ‘CARE AA+/Stable’. CARE Ratings Limited stated that the company ratings have been revised upward due to improved profitability from Mundra …
The capital expenditure for the next fiscal is projected at Rs 11.11 lakh crore, marking an 11.1% increase, underlining its crucial role in driving economic growth. Infrastructure investments have been pivotal in stimulating job creation and attracting private investment. Notably, the road and rail sectors are poised to benefit significantly. In the latest budget, the …
Following an earlier notification on June 19, 2024, regarding a partial production stoppage due to a labour strike at the Rakholi and Chinchpada plants, KEI Industries Limited is pleased to announce a positive development. Strike Resolution and Resumption of Normal Operations On June 21, 2024, the company announced that the labour strike had been successfully …
On June 21, 2024, Rail Vikas Nigam Limited announced that the South Eastern Railway’s Electrical Headquarters identified it as the Lowest Bidder (L1). The project involves the design, supply, erection, testing, and commissioning of a 132 KV Traction Substation, Sectioning posts (SPs), and Sub-sectioning posts (SSPs) in a 2x25KV System on the Rajkhaswan-Nayagarh-Bolani section of …
Garden Reach Shipbuilders & Engineers Ltd (GRSE), a prominent Indian shipbuilding company, has successfully secured a substantial contract worth $54 million (around Rs.448 crore) which involves the construction and delivery of four multi-purpose vessels for a German client. Details of the Contract The contract, signed with M/s Carsten Rehder Schiffsmakler and Reederei GmbH & Co., …
